I suppose they are going to require some KYC info. They have legal reqs they have to meet. So, I get that they must know my real identity. Still, they could do it without a photo ID given to a 3rd party identiy broker. There are other ways, which do not depend on an ID copy which every identity thief in the world wants.
Good question, maybe I spoke too quick. I think they might be since they extend credit and deal with connections to the banking system. But I’m NAL. At least they are going to require a real world identity when giving out credit card numbers, which is also true of traditional card companies.
Mostly I’m OK with them knowing my IRL identity, and proving that to them. But I’m not OK with sending a digital photo of my DL to some 3rd party identity broker who tends to leak those a lot.
I suppose they are going to require some KYC info. They have legal reqs they have to meet. So, I get that they must know my real identity. Still, they could do it without a photo ID given to a 3rd party identiy broker. There are other ways, which do not depend on an ID copy which every identity thief in the world wants.
Why are they subject to KYC requirements? Are they a finance company?
Good question, maybe I spoke too quick. I think they might be since they extend credit and deal with connections to the banking system. But I’m NAL. At least they are going to require a real world identity when giving out credit card numbers, which is also true of traditional card companies.
Mostly I’m OK with them knowing my IRL identity, and proving that to them. But I’m not OK with sending a digital photo of my DL to some 3rd party identity broker who tends to leak those a lot.